The Dark Legacy Of Reaganomics

[Galraedia]

It may be political heresy to say so, but a strong case could be made that the greatest American “job creator” over the past 80 years has been the federal government – or put differently, the government built the framework that private companies then used to create profits and jobs.

This heretical view also would hold that it was Ronald Reagan’s deviation from this formula for success some 30 years ago that put the United States on its current path of economic decline – by starving the government of resources and providing incentives for the rich, through sharply lower taxes, to get super-greedy.


Rather than continuing a half century of policies that made smart investments in research and development – along with maintaining a well-educated work force and a top-notch transportation infrastructure – Reagan declared “government is the problem” and built a political movement for deconstructing it.

That movement, which boasts powerful right-wing media outlets and well-funded think tanks, now dominates the American political landscape. And, today it presses even harder than Reagan did for dismantling government programs while rejecting the slightest revenue enhancements, like closing tax loopholes for corporate jets or any other tax advantage favoring the rich.

Read more: http://www.addictinginfo.org/2011/11/28/the-dark-legacy-of-reaganomics/

[libinnyandia]

1. Whenever I see the term "Reagan Democrats" I cringe. Those

voters destroyed their futures and the futures of their children and grandchildren.

[tilsammans]

5. You cringe, I puke

They sold us all out to corporate interests. :grr:

[lunatica]

7. I cringed when he was elected and kept right on cringing

Ask a Democrat who voted for Reagan why they voted for him, and they literally look sheepish when they say they voted for the best candidate.

In my opinion he not only ruined the economy, but he took the maturation level of this country, which was about to accept the lessons of Vietnam and grow up a little, back to the 1950s rah rah prepubescent days. Evidently no matter how many wars we fuck up we just refuse to learn to stop waging them or learn to play with others.

[unhappycamper]

2. Reagan also put mentally ill people out in the streets:

http://americanradioworks.publicradio.org/features/mentally_ill/stories/jails5.html


Thanks Ronnie! <-- :fuckyou:

[tilsammans]

6. The beginning of the end in so many ways n/t

[onethatcares]

3. the reason for all of it is mass privatization

allowing the rich to extract even greater amounts from the lowly serfs.

Fuck reagan, he'll always be less than a two bit actor to me, but his legacy and puppet masters certainly

had him read scripts that sounded good to the brain dead.

[DiverDave]

4. Man, puppet is right

That bastard screwed the american people, but good.
Not all of them, the wealthy STILL worship at the raygun alter.
Fucking bastards, they will get theirs, I hope before I'm to old to help.

There is going to be a revolution, they rich never know when enough is enough.
They did it in france way back, and they are doing it now, here.

I really hope I will be able to help, because I got a couple of scores
to settle with the bastards.

[Bandit]

8. Except for the eight short years of a Democratic Administration

Where we did the exact opposite of Reaganomics and created the "Greatest Economic
Expansion in our Nation's History"